Serious buyers of home properties and condo units in Downtown Vancouver may have difficulty choosing from a wide range of real estate properties on the selling block. Your range of choices includes old-classical style condo units and townhomes and high-rise luxury apartment suites. Downtown Vancouver is the logical destination for some good home buying options for property investors, couples, families, first-time home buyers and primary residents.
The frenzied pace of construction of new properties in Downtown Vancouver is a clear indication that this area is bucking the current trend that we are seeing in most key cities and urban location in British Columbia. Home properties, condos and townhomes are moving in the market at breakneck speed as evidenced by the high conversion rate for pre-sale launches where buyers are expected to make purchases off the plan.
Condo Buying Options in Downtown Vancouver
There are about 30 property development projects in the Downtown Vancouver in various stages of construction. Of these ongoing development projects in the city centre, ten are high-rise residences that are getting snatched by buyers off the plan or being sold under pre-construction arrangement.
This provides another great purchase option for those who are looking for high-value home properties and real estates in Downtown Vancouver where prices are “locked” until the project has been completed and delivered to homebuyers to the exact specifications as stipulated in the pre-sale agreement. Buyers are only required to shell out a minimal down payment of about 15% to lock in the deal with the home developer or builder. Once the down payment is made and upon signing of the pre-sale contract, the townhome or condo residence is “secured” until the project is completed and delivered.
If you are looking for the authentic cosmopolitan and ultra-modern living and lifestyle, the vibrant and “urban-esque” charm and character of contemporary and chic luxury condo and townhome residences are your best picks. A record number of property investors, young couples and families and single professionals are now coming in droves. These are the homebuyers who want to live close to their places of work and enjoy the luxury and trappings of modern living. The ongoing property development in Downtown Vancouver features a wide range of high-value home properties that includes pre-sale condo units, townhomes and high-end tower condo properties.
Prime Locations in Downtown Vancouver for Serious Condo Buyers
Critical issues for serious buyers include the community and quality of new home properties that are on the selling block. Of course, you want to stay in a community that can become an extension of your character and lifestyle. The real estate in the City centre is divided into distinct segments according to sex, age, demographics and even sexual orientation.
The pre-sale condo units in Downtown Vancouver are the epitome of the changing mood and mentality where modern lifestyle is defined by smaller core communities in urban centres with all the required amenities. When it comes to high-end options in the downtown area, your choices will include Coal Harbour residences, pre-sale condo units in Yaletown as well as premium residences in Denman Street-West End corridor and False Creek area.
If you are looking for emerging hot spots in the City centre then you have got to take a serious look at ongoing projects and property development projects in the pipeline in the business district, Gastown, Crosstown, Robson Street and Chinatown.
There are currently a huge number of pre-sale and pre-construction condo and townhome development projects in Vancouver downtown area. This current trend bodes well for the affordability and range of choices of serious buyers of new properties in the area. The pricey and high-end residences in Yaletown and the chic waterfront condo suites along the Coal Harbour are the best picks for those looking for the best of the best when it comes to contemporary home properties in Vancouver downtown area.
On the other, if you want to explore viable investment options with the highest earning potential then the pre-sale home properties and construction projects in emerging and revitalized districts of Chinatown, Crosstown and Gastown are your best bets.